In 2023, Vietnam imported 4.0 Thousand Metric Tons of coconut oil. The forecasted data from 2024 to 2028 indicates a stable import volume of 4.0 Thousand Metric Tons annually, showing no year-on-year variation. Over the last two years, there has been no percentage change in the coconut oil import volumes. Consequently, the compound annual growth rate (CAGR) for these five years (2024-2028) remains 0%, indicating a very stable trend in import volumes.
Future Trends to Watch For:
- Potential shifts in global coconut oil supply chains that could impact import patterns.
- Policy changes in Vietnam related to agricultural imports or trade agreements that could affect import volumes.
- Changes in domestic coconut oil production which might reduce the need for imports.
- Fluctuations in demand driven by economic or consumer preference changes towards coconut oil or alternative products.